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The view that GP seems to subscribe to is that, when you insure something and need to make a claim on that policy, the insurance money is free.

That's not any more true.

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During the BLM riots many participants in justifying their actions of property destruction would claim that the costs of replacing the property would come from insurance. Many people don’t have insurance, or self insure, and those that do could see a rise in premiums that make their business unviable. Additionally for some business it doesn’t make sense to rebuild as the circumstances that lead to their creation has changed, for these it’ll make more sense to take the insurance money and not rebuild resulting in a loss to the community.

Personally I don’t make a big distinction between crimes against property and crimes against people. I live for my life’s work, if someone destroyed that they might as well have killed me. Additionally many people are dying due to lack of resources, so if someone could be saved for $1M then the destruction of $1M of wealth might has well have killed them. As such I would treat theft and other white collar crime on part with mass murder.

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